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4205 Northwest 36th Avenue,...

LUXE Properties Acquires Industrial Property In Miami For $2.25M
SOLDIndustrial

LUXE Properties Acquires Industrial Property In Miami For $2.25M

4205 Northwest 36th Avenue, Miami, Florida 33142, United States

$2,250,000

$354/SF

Building Size

6,348 SF

Asset Type

Industrial

Closing

Mar 3, 2022

AI

Owning a prime location in Miami's industrial market, an industrial property located at 4205 NW 36th Ave has recently changed hands. The property spans an area of 6,348 square feet and was sold for a total price of $2,250,000. With a price per square foot of $354, this transaction showcases the demand for industrial assets in the Miami market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,250,000
  • Date: 03/04/2022
  • Address: 4205 NW 36th Ave
  • Market: Miami

Representing the seller, Frank M. Silva Martinez and Mayra Cruz, were Luis Dominiguez and Victor Jaramillo from Douglas Elliman. On the buyer's side, Kristy Martinez and Shanut Anaut from LUXE Properties LLC served as the buyer's representatives, facilitating the successful transaction. Their expertise and negotiation skills contributed to the smooth completion of the deal.

Players

Luis Dominguez

Douglas Elliman

Broker

$21.1M

vol

7 deals

Broker

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93